Yahoo
youtube
Casey Bond, Yahoo Finance Banking Lead Editor and Content Strategist, joins Wealth! to discuss what happens when your credit card gets a new issuer. "In theory, this should be a fairly seamless transition. The new issuer will send you a new card with a new number, and that's the one that you're going to use going forward," Bond explains. However, there could be some changes to your new credit card account. New issuers cannot raise the interest rate in your existing balance. However, if you make new purchases on the card, they could potentially raise the rate. If they do so, they must provide 45 days' notice. Other changes can be seen in minimum payments and fees, which also require 45 days' notice. Rewards can also be impacted as well as locations where your credit card is accepted. Bond points to American Express and Discover cards being less widely accepted as opposed to Visa and Mastercard. Watch the video above to hear her top tips for making the transition between credit card issuers easier.
#youtube #NEWS #creditcard
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple ( or Android (
- Follow Yahoo Finance on social:
X:
Instagram:
TikTok:
Facebook:
LinkedIn:
|
How Jack Dorsey Saved Twitter
Goldman Sachs Earnings Beat, Oil Prices Surge, Markets React
LIVE Stock Market News: Stocks edge higher after Trump says Iran wants
5 Last-Minute Tax-Filing Tips For Retirees Before Apr. 15
President Trump says a blockade is going into effect in the Strait of
Stock market today: Dow, S&P 500, Nasdaq slide after Trump orders Horm
This investor paid $16.5 million for a Pokémon card: here's why
